Skip to main content

Why Jim Cramer Likes Uber's Approach to Delivery

Publish date:
Video Rating:
Video Duration:

Uber  (UBER) - Get Uber Technologies Inc. Report posted earnings on Wednesday night. 

Uber said the delivery business bookings more than doubled (up 130%) to $10.05 billion, largely offsetting a decline of 50% in its ride-hailing business compared with the year-earlier period.

Uber said its net loss per share attributable to holders was 54 cents vs. 64 cents a year earlier. Analysts had been expecting a loss of 53 cents a share, based on a FactSet survey. 

"While 2020 certainly tested our resilience, it also dramatically accelerated our capabilities in local commerce, with our delivery business more than doubling over the year to a nearly $44 billion annual bookings run-rate in December," Chief Executive Dara Khosrowshahi said in a statement.

Recap TheStreet Live: Everything Jim Cramer Is Watching Thursday

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

Latest Videos From TheStreet and Jim Cramer:

Related Videos